Citizens National Bank Trust Department Has $345,000 Stock Holdings in Nutrien Ltd. (NYSE:NTR)

Citizens National Bank Trust Department trimmed its holdings in shares of Nutrien Ltd. (NYSE:NTR) by 20.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,185 shares of the company’s stock after selling 1,795 shares during the period. Citizens National Bank Trust Department’s holdings in Nutrien were worth $345,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Central Pacific Bank Trust Division acquired a new stake in Nutrien in the 3rd quarter valued at about $28,000. Family Firm Inc. acquired a new stake in Nutrien in the 2nd quarter valued at about $32,000. Trust Co. of Vermont lifted its stake in Nutrien by 50.0% in the 2nd quarter. Trust Co. of Vermont now owns 900 shares of the company’s stock valued at $46,000 after purchasing an additional 300 shares during the last quarter. Covestor Ltd lifted its stake in Nutrien by 33.3% in the 1st quarter. Covestor Ltd now owns 932 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares during the last quarter. Finally, Andra AP fonden acquired a new stake in Nutrien in the 2nd quarter valued at about $51,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Stock Performance

Shares of Nutrien stock opened at $48.36 on Monday. Nutrien Ltd. has a fifty-two week low of $44.65 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market capitalization of $23.88 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.55 and a beta of 0.82. The company’s 50 day moving average price is $47.85 and its two-hundred day moving average price is $50.69.

Nutrien (NYSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.15. The firm had revenue of $10.16 billion for the quarter, compared to analyst estimates of $10.82 billion. Nutrien had a net margin of 2.97% and a return on equity of 6.91%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. On average, equities analysts forecast that Nutrien Ltd. will post 3.85 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Friday, September 27th were paid a $0.54 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 4.47%. Nutrien’s dividend payout ratio is 135.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NTR shares. Wells Fargo & Company downgraded shares of Nutrien from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $62.00 to $50.00 in a research note on Tuesday, September 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target on shares of Nutrien in a report on Friday, September 20th. BMO Capital Markets lowered their price target on shares of Nutrien from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Barclays lowered their price target on shares of Nutrien from $68.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, TD Securities lowered their price target on shares of Nutrien from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Nutrien has a consensus rating of “Hold” and an average price target of $60.67.

Nutrien Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.